Tower Research Capital LLC TRC Cuts Position in Enterprise Financial Services Corp (NASDAQ:EFSC)

Tower Research Capital LLC TRC reduced its position in shares of Enterprise Financial Services Corp (NASDAQ:EFSC - Free Report) by 83.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,053 shares of the bank's stock after selling 5,411 shares during the period. Tower Research Capital LLC TRC's holdings in Enterprise Financial Services were worth $59,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC boosted its stake in shares of Enterprise Financial Services by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 22,600 shares of the bank's stock worth $1,275,000 after acquiring an additional 1,225 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Enterprise Financial Services by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,368 shares of the bank's stock worth $124,947,000 after purchasing an additional 54,987 shares during the last quarter. XTX Topco Ltd boosted its stake in Enterprise Financial Services by 7.5% during the 4th quarter. XTX Topco Ltd now owns 5,714 shares of the bank's stock worth $322,000 after purchasing an additional 399 shares during the last quarter. Barclays PLC grew its holdings in shares of Enterprise Financial Services by 9.5% during the fourth quarter. Barclays PLC now owns 91,886 shares of the bank's stock worth $5,183,000 after buying an additional 7,976 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Enterprise Financial Services by 7.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,873 shares of the bank's stock worth $218,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. DA Davidson decreased their target price on shares of Enterprise Financial Services from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. Keefe, Bruyette & Woods cut their price target on Enterprise Financial Services from $69.00 to $66.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th.

Enterprise Financial Services Trading Down 0.9%

Shares of Enterprise Financial Services stock traded down $0.48 during trading hours on Wednesday, hitting $54.41. The company's stock had a trading volume of 163,991 shares, compared to its average volume of 179,043. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 11.24 and a beta of 0.85. The firm has a fifty day moving average of $52.20 and a 200-day moving average of $56.11. Enterprise Financial Services Corp has a twelve month low of $37.28 and a twelve month high of $63.13.

Enterprise Financial Services (NASDAQ:EFSC - Get Free Report) last released its earnings results on Monday, April 28th. The bank reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.14. Enterprise Financial Services had a net margin of 20.12% and a return on equity of 10.94%. The company had revenue of $18.48 million for the quarter, compared to analyst estimates of $162.83 million. Research analysts forecast that Enterprise Financial Services Corp will post 4.97 EPS for the current year.

Enterprise Financial Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.30 per share. This is a boost from Enterprise Financial Services's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend and a yield of 2.21%. Enterprise Financial Services's payout ratio is presently 23.53%.

Insider Activity at Enterprise Financial Services

In related news, CEO James Brian Lally sold 4,689 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $55.18, for a total value of $258,739.02. Following the completion of the sale, the chief executive officer now directly owns 106,974 shares of the company's stock, valued at $5,902,825.32. This represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James M. Havel sold 5,525 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $58.47, for a total transaction of $323,046.75. Following the sale, the director now owns 15,447 shares of the company's stock, valued at $903,186.09. This trade represents a 26.34% decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.